As expected, the rebound of the Australian dollar against US up are limited. On Tuesday, the pair sold the growth to 0.7252, and yesterday - to 0.7269. Support near 0.7216 while holding back the onslaught of the bears, but the risks of testing and possibly breaking 72nd figures remain high.

Last edited by Vlad on Fri May 29, 2015 8:46 am; edited 1 time in total

This pair seems to have a positive week beginning. I think, bull will test 0.6950 resistance level. If they break it, there will be a upward trend. If they couldn't – there will be a rollback towards 0.6890 support level.

Yesterday NZD/USD reached the upper border of the upward trading channel by spire and bounced. At present, the pair is being traded near resistance level 0.6368, trying to pass it, and if it succeeds, you should consider buying to resistance level around 0.6426 and look again at sale near the upper border of the channel. If the pair fails to pass resistance, it will be possible to try to sell it to the current support levels 0.6291 and 0.9233, where additional support will be represented by the lower border of the trading channel.

The pair continues to be traded with growth from the upward sloping line of support and has reached resistance level of 0.6715. If it leaves the channel, it may increase to the support level 0.6645 and higher if it holds the support. As long as the channel is kept, growth remains in force.

The short position has brought profit, at the moment the pair is going up and I think the movement will continue to the level of 0.6615. Therefore I'm opening a position from this point to to the expected level. I don't consider the alternative scenario, coz the pair showed a strong dinamics last week

Southern movement of the pair began. This week the interest rate for the New Zealander will be announced, forecast analysts agree it will be lowered, sales of the pair is the most preferable, I will enter the market at current prices to the level of 0.6500

Today, with the opening of the trading session the currency pair NZD / USD went down and broke the support level of 0.6488, but the level of support and the lower border of the downward channel prevented fall. At this time, the indicators point to the possibility of growth and correction to buy the pair. Resistance levels today - 0.6538 and 0.6564.

New Zealander/USD finished the upward movement and rebounded from the resistance level on the daily timeframe the price has formed an absorption pattern with a support on the level of 0.6750. I expect a corrective movement around 0,6700-0,6750, and then continuation of the downward movement with a view to sales at the level of 0.6500.

Market was fixed on the Health Care reform of USA which was to be voted in parliament during the week but at the last moment the bill was pulled off and thus creating an uncertainty on what might follow next with health bill and more so regarding other big ones like Tax reforms and the infrastructure spending! Market might be looking for further clues on a concrete step. Nothing much of importance from New Zealand side though!

Kiwi was also a loser this week nearly losing 1% though it did well to contain the ranges despite many high profile news & events. Further downside might continue but the effect of USD also needs to be seen! NZD is a commodity linked currency and as such the price of commodities affects it. NZD also fares bad in a risk-off environment. So there might be many factors at play to be considered to trade this pair in the near-feature.

Kiwi started off the week at 0.6919 and closed at 0.6883 with a loss of around 0.80%. So not a good week for NZD which was caught between some strong USD and weak NZD with RBNZ providing the impetus together with weak commodity prices. There were some economic releases/speeches from US side too which had its impact. Looking forward nothing much for the next week and one can expect some sideways trading.

This pair also had a good run last week gaining nearly 1%. Further gains are not ruled out but with FED meeting next month, traders would be cautious enough! There were no big economic data’s coming out from New Zealand last week and next week is also kind of light. So this pair might track other pairs and markets too for its further direction. The commodity sphere did well last week and China data’s were also quite positive along with weak USD.

NZD was another gainer with nearly 1% gain, 0.92% to be exact. Now this is equally good but more on the back of continued weakening USD. Now this theme is getting pretty repetitive but it might not last long obviously. So NZD bulls needs to be careful and try to watch the key level pending which they might not be able to earn good over long term.

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